What is the purpose of a "share the road" warning sign?

Road sign or scenario shown in this question

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Correct answer: C. To remind drivers to provide safe space for cyclists and other vehicles sharing the lane

This sign warns motorists to provide safe space on the road for cyclists and other slower or narrower vehicles — a reminder that the lane isn't exclusively for cars, especially where the lane is too narrow to pass a cyclist comfortably within it.

Source: MTO Driver's Handbook: Signs — Warning signs

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